The Yahoo! Portfolio fully supports exchange-traded options. To include an option in your portfolio, edit the portfolio as you would for a stock or mutual fund. Make sure you are using a valid option symbol (you can verify by requesting an option chain from the underlying stock quote).
If you wish to track the number of options held, enter the number of contracts in the "Shares" field. Yahoo! applies the appropriate multiple to reflect the actual lot size and market value of the position.